Savings : Personal : About American Bank

Savings Accounts are one of the most popular and simple ways to achieve your financial goals. Choose a style of savings based on its convenience and earnings potential and your long and short-term cash needs. Make it easy to save with regular auto-transfers from your
American Bank checking account. Every account comes with our “Yes, we can” customer service and free access through 24-Hr. Bank-by-Phone, Bank OnLine and Customer Service DirectLine. And with some accounts you can use your ATM card for cash withdrawals, funds transfers, balance inquiries, or to make deposits at certain ATM locations. We also have
special savings accounts for retirement plans.

SAVINGS ACCOUNTS
American Savings
       A basic savings account with simple interest, quarterly statements and access to funds with an ATM card.
Young American Account
       A special savings program for children 17 and younger who have an immediate family member with an American Bank account.
American Money Fund
       A money market account featuring a competitive interest rate with limited check writing and tiered rates based on the balances you keep.

HEALTH SAVINGS ACCOUNTS
A Health Savings Account (HSA) is an interest-bearing checking account and personal savings arrangement, for individuals and families who are covered by a high deductible health insurance plan (HDHP). A Health Savings Account allows tax-deductible contributions and tax-free distributions when funds in it are used to pay for qualified medical expenses.

Want more information about Health Savings Accounts in general? Visit www.hsainsider.com.

For more information about our accounts, please call Customer Service DirectLine at 361-992-9911 or 1-800-257-8316.

To open an account, just visit any American Bank office.

CERTIFICATES OF DEPOSIT
CD’s are a great investment tool to increase your earnings through competitive rates for fixed deposits, with terms from 30 days to two years.

Our Money Market CD has a minimum balance of $1000 and our Jumbo CD has
a minimum balance of $50,000. Both are available with 30-day to 2-year terms.

Personal Banking Plans	SAVINGS PLANS
	BASIC	CHILDREN	MONEY MARKET	INVESTMENT
	American Savings	Young American	American Money Fund	Certificates of Deposit
Account Profile	A basic savings account featuring quarterly statements and access to funds with an ATM card	A special savings program designed for individuals 17 years of age or younger. They must have an immediate family member with an American Bank account who will also sign on the account	A money market account featuring a competitive interest rate with limited check-writing privileges.	Earn a competitive rate of interest by investing a fixed amount in an account with a fixed rate for a specific time period. Depending on your cash needs, you can invest for as short as 30 days or as long as 2 years for an even higher interest rate.
Special Features	Free initial ATM card with no charge for transactions at American Bank ATM locations Quarterly statement	Quarterly statement	Free initial ATM card with no charge for transactions at American Bank ATM location Monthly statement	Additional deposits can be made at maturity Auto-renewable
To Waive Monthly Maintenance Fee	Maintain a daily account balance of $500 or more	Maintain a daily account balance for the quarter of $5 or more.	Maintain a daily account balance of $2500 or more	None
Monthly Maintenance Fee	$3 per month if minimum daily account balance requirement is not met	$3 per month if minimum daily account balance requirement is not met.	$15 per month if minimum daily account balance requirement is not met.	None
Transaction Charges	Two free withdrawals per month, then $3 each ³	Three free per quarter, then $1 each ³	$.10 per item deposited (Charges of less than $1 are waived.) $10 for each withdrawal in excess of six per statement cycle.³	Early withdrawal penalties apply
Interest	Rate is variable and interest is paid monthly ^1,2	Rate is variable and interest is paid quarterly ^1,2	Rate is tiered based on the account’s daily balance. It is a variable rate and interest is paid monthly. ^1,2	Rate is fixed, based on the opening balance, and interest is paid at maturity. Interest begins to accrue from the date of deposit²
Minimum Opening Deposit	$100	$5	$100	$1000 for a Money-Market CD, $50,000 for a Jumbo CD

1 Interest begins to accrue on the business day the bank receives credit for the deposit of noncash items such as checks.
2 We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
3 Unlimited number of lobby or ATM withdrawals (subject to current fee schedule). However, federal regulations limit telephone, Bank OnLine, third party or pre-authorized transfers to six per month, no more than three of which may be checks, drafts and/or point-of-sale transactions.

For more information about our accounts, please call
Customer Service DirectLine at 361-992-9911 or 1-800-257-8316.
To open an account please visit any American Bank office.